Daimler will boost output at its Mercedes-Benz factory in Hungary after the automaker launched production of a new model, the CLA Shooting Brake, at the plant today.
South Korean supplier Shin Heung Precision will employ in the town of Hranice near Prerov several dozen people. The copmpany exploits former hall for the production of LG Philips screens.
Audi will spend 24 billion euros ($29 billion) to develop technology and expand production, boosting its five-year investment plan by 2 billion euros ($2.44 billion) as it chases BMW for the top spot in luxury-car sales.
Automotive contractor Halla Visteon Climate Control (HVCC) began to build new hall in the town of Hluk (Zlin Region), which will increase production capacity by one third.
India’s Mahindra & Mahindra has agreed to buy a majority stake in National Electric Vehicle Sweden (NEVS), the investment group that bought the assets of Saab Automobile two years ago, a report said.
Tatra Trucks General Meeting (19. 11. 2014) approved capital increase by one billion CZK. Investments will be directed mainly to modern manufacturing technologies that enable productivity growth and quality of production.
The General Motors division will invest 245 million euros in its home plant in Ruesselsheim, Germany, to build the SUV, Opel said in a statement Thursday.
Fa RENE, dealer of Mercedes-Benz in Hradec Kralove, modernized it’s salon in Hradec Králové. This is the most luxurious and most modern automobile showroom in the country. How much dealer invested in the expansion?
Czech region of Usti signed the reservation contract with a Spanish investor. The company, which manufactures components for the automotive industry, wants to start trial operation in one year and will employ 125 people.
Daimler will buy a 25 percent stake in Italian motorcycle manufacturer MV Agusta as part of a long-term cooperation deal which gives the German car and truck maker access to lightweight three-cylinder engines.
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